Shutterfly sales grow 22% in 2013

For the year ended Dec. 31, web-only retailer Shutterfly, No. 49 in the 2013 Internet Retailer Top 500 Guide, reported:

Total revenue increased by 22.3% to $783.6 million from $640.6 million in 2012.

The number of transacting customers grew 14.1% to 8.1 million from 7.1 million.

The number of orders grew 14.1% to about 18.6 million from 16.3 million.

Average order value increased 6.9% to $40.19 from $37.58.

Net income of $9.3 million, down by 59.6% from net income of $23.0 million last year.

“We executed well against our 2013 strategic plan while simultaneously focusing on the long-term through smart investments in consumer facing programs and back-end infrastructure projects that will provide future scale and scope efficiencies,” says Jeffrey Housenbold, president and CEO. He did not provide details on the investments.